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Coverage of regulatory trends, risks, and innovations in the adoption of cloud services and critical infrastructure for financial institutions.

AI Risk & Governance
FSC Korea Launches Specialised Dataset to Advance AI Use in Financial Sector
By Nithya Subramanian | 03/04/2025
The dataset was developed in recognition that most AI models are trained using mostly English language and general data, making them less useful in Korea.

Structural Regulation
HKMA Launches New Banking Regulatory Document Repository
By Sanday Chongo Kabange | 01/04/2025
The new portals are designed to facilitate the dissemination of regulatory documents to the public and to AIs.

Conduct, Culture & Accountability
ASIC Issues Updated Guidance on Holding Virtual Meetings
By Sanday Chongo Kabange | 27/03/2025
The updated guidance sets out ASIC’s expectations on holding virtual meetings and includes the option to use telephone lines and webcasts.

Payments & Settlements
FSS Probing KRX Over System Failure That Halted KOSPI Trading
By Nithya Subramanian | 26/03/2025
The system error caused a seven-minute freeze in KOSPI trading, the first market halt during regular hours since KRX was established in 2005.

Structural Regulation
US Commerce Dept Adds Over 50 Chinese Firms to Entity List
By Manesh Samtani | 26/03/2025
This is to prevent “foreign adversaries” from using US tech and goods for high-performance computing, hypersonic and ballistic missiles, military aircraft training, and UAVs.

Payments & Settlements
Taiwan Launches New QR Code Payment Service for Travel
By Sanday Chongo Kabange | 25/03/2025
Nine participating financial institutions will offer a 100 percent rebate on fares paid with “TWQR QR Code for Travel” until 31 December.

Fraud, Scams & Cybercrime
Japan FSA Issues Revised Guidelines for Moneylenders
By Thisanka Siripala | 25/03/2025
The updated guidelines aim to improve system risk management, address fraudulent practices, and strengthen IT governance.

Cybersecurity
Taiwan FSC Issues Cyber & Audit Rules for Electronic Payment Firms
By Nithya Subramanian | 24/03/2025
The amendments mandate stricter internal audits and require large electronic payment institutions to establish dedicated cybersecurity units.

Data Privacy
OJK Indonesia Launches New Portal for Financial Sector Data
By Nithya Subramanian | 21/03/2025
OJK said the new web-based portal will improve transparency and facilitate more effective, data-driven decision-making.

Structural Regulation
JSDA Revises Rules on Digital Document Delivery
By Thisanka Siripala | 21/03/2025
Changes to JSDA’s self-regulatory rules aim to standardise and clarify the methods for providing information to customers electronically.
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